Griffin Art, an TechRate-audited GameFi portal, will release both the complete version of its NFT marketplace, and the demo Griffin Land game mobile app.

Griffin Art NFT Marketplace, Land Game

The team revealed plans to explore the expanding NFT market on September 21st by releasing their first marketplace version of the Binance Smart Chain (BSC) scalable, interoperable.

The platform, according to the team will let creators showcase their artwork and collect NFTs. Governance tokens can also be collected for community improvements.

Griffin Art NFT will also integrate with the mobile games. Griffin Land is the first title to launch.

A 3D model combined with play-to earn (P2E), is inspired by mythological themes. The game features over ten uniquely rendered creatures, which gamers can use to fight.

Griffin Art games is integrated with NFT Marketplace, so gamers will have the ability to trade NFTs in-game.

GART Deflationary Token

The GART token that complies with the BSC standards is central to Griffin Art.

Griffin Land will be able to integrate the deflationary token with Griffin Land, thereby maximizing NFT market access. This token will serve as the main vehicle for trading and minting NFTs, while also allowing users to gain more tokens in the game.

GART holders are able to access additional products from the developer in addition and its utility.

Like fungible tokens NFTs cannot be exchanged for another. They can however be traced on the distributed network like other tokens, ensuring transparency and other exclusive attributes.

NFT holders also have the assurance of ownership, as the creator approves all mint assets. Furthermore, immutable records are kept on the chain to back this up.

The Griffin Art team is leveraging the BSC chain due to its low-fee environment, expanding ecosystem, and high scalability—a distinctive feature saving NFT minters and collectors of the high fees in .

This aligns with the overall design goals of the team. The team’s core objective was to launch products from an uncentralized, universal network that ensures product smoothness while also ensuring cost-efficiency.

GART Tokenomics, Burn, and Buy-Back Programmes

The total number of GART tokens is 100 billion. Of these, 35 billion are locked indefinitely. A further 16 billion GART tokens have also been burned, making the total available 48 billion.

Griffin Art offers a buyback option, apart from the initial burn. The token will be bought back permanantly at the market price using seven percent transaction fees.

This will, according to the team, gradually decrease the supply of GART. In turn, prices will rise over time leading to capital gains for token holders.

Griffin Art offers a re-distribution feature. This will allow them to take out 2 percent of transaction fees, and then re-distribute the token holders.

Therefore, GART token volume is likely to rise in line with the transaction count for the long-term.

The 48 billion GART tokens can be used for private and public investments, as well as pre-sales and sales. They also serve to provide liquidity for PancakeSwap. The token can be traded at Lbank, in addition to being listed on PancakeSwap’s largest decentralized exchange, PancakeSwap.

At the same time, token holders and analysts can track the performance of the GART token on leading coin tracking platforms, CoinMarketCap (CMC)—a portal owned by Binance—and Coingecko.

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